POWERNETS (UK) LIMITED

POWERNETS (UK) LIMITED

POWERNETS (UK) LIMITED - Company Information

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POWERNETS (UK) LIMITED

Company Registration Number:
04055262 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2018

Period of accounts

Start date: 01 September 2017

End date: 31 August 2018

POWERNETS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2018

Balance sheet
Notes

POWERNETS (UK) LIMITED

Balance sheet

As at 31 August 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 123,044 133,575
Total fixed assets: 123,044 133,575
Current assets
Stocks: 65,520 62,585
Debtors:   242,812 461,829
Cash at bank and in hand: 743,346 687,117
Total current assets: 1,051,678 1,211,531
Creditors: amounts falling due within one year:   (231,417) (424,587)
Net current assets (liabilities): 820,261 786,944
Total assets less current liabilities: 943,305 920,519
Creditors: amounts falling due after more than one year:   (6,099) (7,106)
Total net assets (liabilities): 937,206 913,413
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 937,196 913,403
Shareholders funds: 937,206 913,413

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Balance sheet statements

For the year ending 31 August 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 March 2019
and signed on behalf of the board by:

Name: Mr J M Banks
Status: Director

The notes form part of these financial statements

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POWERNETS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2018

2. Tangible Assets

Total
Cost £
At 01 September 2017 211,306
Additions 2,977
At 31 August 2018 214,283
Depreciation
At 01 September 2017 77,731
Charge for year 13,508
At 31 August 2018 91,239
Net book value
At 31 August 2018 123,044
At 31 August 2017 133,575